Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 125,893-square-foot, multi-tenant, neighborhood retail center located in Rosenberg, Texas. Rosenberg Center is currently 86 percent leased; approximately 50 percent of the gross leasable area is leased to Fiesta Mart, which has vacated the building but continues to pay rent and expense reimbursements per lease terms. Anchored by Planet Fitness and Dollar General, the tenant base is a complementary mix of largely internet-resistant, service-oriented businesses, including Tie Pharmacy, I am Supplements, a Barber Shop, Logic Home Health, H&R Block, Young Brothers Taekwondo, Today's Vision, Fusion Kitchen, Remco Insurance, UT Physicians, Boost Mobile, and 301 Foot Massage. Additional income is derived from an American Recyclers bin located in the subject property's parking lot. Originally constructed in 1986, the center is comprised of two buildings situated on two land parcels totaling 15.18 acres with ample paved parking. Rosenberg Center is located on Avenue H, near the signalized intersection with Old Richmond Road with multiple ingress and egress points. The main access to the center from Avenue H has traffic counts of approximately 21,424 vehicles per day. Nearby national and regional retailers include dd's Discounts, Dollar Tree, Citi Trends, Family Dollar, EZPAWN, Jackson Hewitt, Pizza Hut, T-Mobile, Burger King, Subway, Jack in the Box, Walgreens, and many others. Rosenberg Center is also in close proximity with Lamar Jr. High School and Lamar Consolidated High School; both schools have a current enrollment of approximately 1,260 and 1,733 students, respectively, providing additional traffic to the area. The surrounding area benefits from strong demographics, serving a population of more than 107,713 residents within a five-mile radius.. The average household income is $61,538 within one mile; $82,568 within three miles; and $103,296 within five miles.